Mobility to front office vs hiring freeze - is sticking it out here my only option?

Currently in a middle office quant role at a shop with a history of good internal mobility. I'm gunning for a spot on our macro desk & have built good relationships with the right people, but unfortunately (like many places I'd imagine) there's a freeze on hiring for the foreseeable future - don't have visibility on when this would change.

Don't have much long-term interest in my role, but is sticking it out here pretty much my only realistic option? I assume it's a much harder sell to make this move externally, but would it be at all useful to just find people at other shops who are on the kind of teams I want to be joining and emailing them? Would pitching some ideas tip the scales at all here? Any thoughts here much appreciated.

3 Comments
 
Most Helpful

I was in a similar situation. Really wanted to get into IB while in SS BO. Networked with over 100 folks internally got few interviews and superdays and didn't get a shot. Got really jaded but kept trying. My old boss moved to BS BO, he recruited me and it took a while to decide but I ended up moving. Was fortunate to have built a good working relationship with FO and when position opened up I got the gig.

My advice, try not to tunnel vision although given the circumstances sometimes it appears like the only option. I had someone (old boss who recruited me to BS back office) pull me out of my situation thankfully and things played out really fortunately. External is going to be tough as you're up against seasoned professionals wanting to lateral. But do apply and see what happens. If you network hard and work hard at your current capacity while being easy to work with, you never know what kind of opportunities will present themselves..

Best of luck!

 

Dolorum dolore accusantium voluptatem reiciendis placeat in. Quae sint optio non ea illum dolore ut molestias. Aut praesentium consequuntur voluptate hic velit expedita deserunt illo. Nihil dolores fuga cupiditate et consequuntur eaque. Natus corporis earum quia illum rerum laudantium dolores. Vero aliquam velit est qui voluptatem in dolorem id.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan No 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”